How the Winklevoss twins’ crypto program failed

*FLASHING LIGHTS WARNING*
SO THE WINKLES HAVE WRIGGLED INTO A CRYPTO PICKLE.
Thanks to Dunkin’ for being Good Work’s official sponsor of getting out of bed (this is real).
Leo Schwartz is a crypto, regulation, and cybercrime reporter for Fortune Magazine. Hannah Miller is a crypto and tech reporter at Bloomberg. Shubhankar Gahlot is a software engineer, Gemini Earn customer, and creator of the Earn Victims X account.
Follow Leo: x.com/leomschwartz?s=21
Follow Hannah: x.com/hgmiller29?s=21
Follow Gemini Earn victims on Twitter: x.com/geminiearnvctms?s=21
Video by Dan Toomey and Henry Stockwell
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[@GoodWorkMB]

For those of you calling Dan the "Twinklevoss" twin, you are not the first nor will you be the last

[@MFJoneser]

Fourst

[@dat4277]

Second

[@KHQMaster]

Dan is hot and should never be compared to winklevii

[@nickc3657]

An aging twinklevoss*

[@ytcensorhack1876]

I know someone whose had dealings wt them who calls them the twinkletossers

[@PokhrajRoy.]

The Winklevoss Twins really said: “‘The Social Network’ needs a spin-off.”

[@SuperOvidiuMihai]

dude yes

[@globisdead]

Hope you make another new year video

[@spagetticanavari]

immaculate observation

[@theodorehsu5023]

How about “The Implosion of the Twinkie Twins?”

[@75aces97]

The Crypto Network

[@bbrbbr-on2gd]

The more I learn about Finance bros, the more I realise how all of them are the same unimaginative people. They all end up just doing an MLM, mostly targeting poor and desperate people.

[@zeobide]

Its crazy how its almost always the same exact thing, same exact guy(s), same promises, same outcomes. The only thing that's sometimes different is a few extra intentionally overly-convoluted steps to the same outcome.

[@aragornk]

It's like how every tech bro ends up with a revolutionary new invention typically known as a train.

[@caravanlifenz]

I used to work for a bank (as a data analyst). The managers are all dishonest arseholes that only cared about getting rich. You have to be a special breed of psychopath mixed with narcissist to work at banks and finance companies.

[@_cloudface_]

"That's just what poor people that don't understand DeFi say" ~FinBros

[@ellielikesmath]

the reality is that "finance bros" are just investors that failed. if there was some reliable way to tell based on the manner of the sales pitch if someone is pitching an investment you should be interested in vs one you should not be, then that would be exploited by fraudsters too. the lesson is that people who take "holier than thou"/"it's just an MLM, right?" attitudes towards crypto bros are trying to understand why some of them failed and some did not, which is not too distant from being a crypto bro themselves. just own it lol

[@daguy7631]

Dan keeping himself hydrated during those interviews

[@narr482]

Paused to check if it was the death lemonade (it’s not)

[@GoodWorkMB]

journalism is thirsty business

[@kemp10]

Keeping me hydrated. Based on how wet I am.

[@george94065]

Awesome hydration job

[@stephenrobinson8244]

Need vodka when hearing this shit, it's like breaking up with a chick you never knew you were with. Her parents hate you and you only fucked her father once and a half times. How can someone be so careless.

[@RareEarthSeries]

Good work? No, no. Great work.

[@therealmalik]

These winklevoss guys seem pretty smart, they should make a website

[@mayankmaurya1241]

Fr, something in the realm of networking with others in the same campus .

[@yashnigam6]

I’m sure they can find some nerd to help them make it

[@g.1771]

They should write, I mean make, a book

[@UsernameR8]

😂

[@oshun459]

Too soon 😭

[@jsevakis]

Both the information and joke density in this video is STAGGERING. Had to pause multiple times. Best deep dive yet!! Great work

[@NettraPan]

Agreed 🙏👏👏👏

[@ChrisKChandler]

GOOD Work ☝️🤓

[@PBoyle]

Great video, but I was hoping for more of a focus on the music. Please tell me that Mars Junction is still solvent.

[@GoodWorkMB]

No, this is Patrick

[@MentalLiberation]

When awesome recognizes awesome.

[@ljohnson1908]

Leave it to Patrick to come and try to start going on music. That’s why we come to your channel dude. 😅😅

[@MegaJessejames91]

​​@@GoodWorkMB No Patrick, mayonnaise is not an instrument

[@narinpratap8790]

I absolutely LOVE the format in which this information gets delivered to the viewer. The background research and accuracy of finer details are supremely impressive.... but that's not even the best bit. The way Dan always undercuts himself by ridiculing his qualifications or inserting juvenile humor in the midst of a serious conversation - that is the "genius" element of his unique format. It's packed with more info than a typical CNN, WSJ, etc. news article, but never bores or alienates the viewer into thinking that he/she does not belong to this esoteric world of high finance.

[@laurasnow7822]

Twinklevoss?

[@JoelLawson93]

Don't do that to the twinks, they've done nothing wrong

[@lowwastehighmelanin]

Nah too Roblox Face for that

[@MisterNoble]

*Twinklevii

[@grzegorzbrzeczyszczykiewic563]

They are more like reverse himbos.

[@vtrandal]

So original

[@pawekoaczynski4505]

now I realised that Gemini is named this way, because it was founded by twin brother

[@hackbarrow]

Thank you Dan as usual for always keeping us updated on uninteresting tech-drama

[@exoZelia]

I love how your channel is actual reporting with jokes and memes. You truly understand my needs

[@scottmac]

Dan’s cup of Dunkin’ continues to be a recurring character in these interviews

[@blakeharrison3972]

This is the closet I’ll ever get to watching the news, thanks Dan!

[@JoshHenderson16]

Why didn't that guy just pay for his wedding with his 6 figures?

[@aznluvr7]

Must be some wife!

[@JoshHenderson16]

@@aznluvr7 No kidding.

[@the_box_of_shame]

@@JoshHenderson16HEYOOOO! Up top brother. Women, amirite? Keep it fresh for me!

[@plodiN3]

"the Winklevoss have called for heavy regulation on the crypto scene" *flash back to SBF in front of the Senate calling to regulate crypto*

[@liverpool951000]

"it's OK to be confuse" lmfaooo put it on a shirt

[@jasonklein4376]

Genuinely great reporting once again. Come for the jokes, stay for the Pulitzer

[@Hookokokkokoko]

You should look up how Encompass has bought/is buying all beer/wine/alcohol-tracking software companies. It's a monopoly under construction and they fired my friends in restructuring. It's like watching a hedge fund buy a bunch of brewers/winemakers small garage businesses, take their client lists, then gut the company.

[@tomlxyz]

That seems to be a general trend with food and beverages. There are so many brands belonging to a few companies and it's not obvious (they probably want to give you the illusion of choice)

[@shrededpudding5921]

I assume that this kind of content was always the goal for the good work channel, its just surprising seeing it get this good this fast.

[@barryswigart1432]

"Different company, sounds the same" is fucking wonderfully executed.

[@user-ex6xc5ox3k]

"The Winkelvii" sounds like some sort of evil sci-fi hive mind race

[@jeremyp4427]

Amazing job as usual! Very well done!

[@jesspeng6766]

OMG, didn't expect this masterpiece before the end of year! Keep up with the good work, Good Work!!

[@SPFAlpha]

This reporting is so on the street that you can see a guy closing his rear hatch door. Great Work

[@annieothername]

Thank you for affirming it's okay to be confused because, you know, I dunno

[@Grasshopper.80]

I love this style of investigative journalism. Come up to The Bronx.

[@MarylandResident]

This sounds like a threat

[@Grasshopper.80]

@@MarylandResident no just a friendly invitation.

[@lukehferris]

Dan pulling out the velvet black gloves and Gordon Gekko vest combo for the Winkles.

[@LincolnWorld]

This is the first video of yours that I have seen. Had just the right amount of funny snark. Good job @Goodwork

[@777VIV]

GOOD WORK WE LOVE YOUR WORK. HAPPY HOLIDAYS MR QUIFF MAN

[@krombopulos_michael]

Whenever there's a victim who lost 5 or 6 figure savings sums on cryptocurrency, I really wish the interviewer would ask what the hell they were thinking. Like putting a bit money in hoping to strike rich, I understand, but putting enormous life savings in is something I just can't comprehend

[@tomlxyz]

They promised single digit returns, which while high won't make you rich unless you put the maximum in

[@joewest3901]

@@tomlxyz I mean in 2021/early 22, Gemini Earn would have been generating higher yields than junk bonds. You have to know that there's a high level of risk associated with earning that level of interest, even if Gemini is waving it off. It's not FDIC insured, it's not safe, and it's not a place to park any amount of money that you could not afford to lose tomorrow.

[@sd-ch2cq]

When someone claims to have lost something like 100k I want to know whether that means 'paying 20k to the fraudster and being promised 100k' or 'actually giving 100k to the fraudster'.

[@sd-ch2cq]

​@@tomlxyz 8% is way higher than risk-free returns: you could only get these returns with some serious risk-taking. So I would definitely want to know *how* someone was investing my money.

[@tomlxyz]

@@sd-ch2cq with 8 % interest it would take 21 years to get from 20k to 100k. Whatever someone put in, it can't be multiplied by now because the program didn't exist remotely as long

[@moreover6813]

6:05 That cup loomed over Dan's shoulder like a machete-weilding maniac

[@matthewsoules7064]

Man seeing you progress is awesome! Found you 14 hours ago and now i gotta go to bed snd get resdy for work. You got me good brother keep it up!

[@MNSM]

keep the good work lad

[@kyndruhhh]

the winkels having a thinkel got me fkn good

[@dragon106101]

Love the creative nicknames. I've watched all your videos so far, looking forward to many more. You and your editing team seem to have a great sense of humor.

[@TomJamesOfficial]

I don’t get how amazingly informative and entertaining these videos are. Nice one

[@neighbor9672]

Your channel is the most incredible private investigation I’ve ever seen in my life. There should be a video game about you. Straight up.

[@tomjohnson4922]

thanks for these. You've made an English major care about business beyond the surface. I had to do a backtrack in this one where I saw "lost parents" and I was taken aback... phew. Oh and if you want a small, flaming pile just go to Revere Beach in July.

[@Tumleren]

Are we just not going to mention the guy moving a whole office printer on a new york sidewalk?

[@dadtier564]

I miss the iPhone camera, can I get some “RIP in peace” for that era! Appreciate you Dan and team!

[@the3oclock]

“MY👏CRYPTO👏TWIN👏KINGS👏LOVE👏DRAMA👏” 😂😂😂

[@dcoxinator]

Hey Dan, it is perfect that I got a gemini ad on the youtbe video. Plus another crytpo exchange ad. Man this is great lol

[@prabanjan.b]

loved it, crazy! thanks for making these type of content!

[@slash213]

hats off to the guy who convinced his gf there's no wedding without spending six figures

[@hutchmoragne5146]

This show might have the best editing team in comedy. Research, reporting, writing, all fantastic, but hot damn this editing team wraps it in a beautiful package and then beats you over the head with it

[@lostlandmarks8305]

Love it. Can't wait until the whole scam comes apart.

[@joewest3901]

Barry is the last of the major crypto scam kings standing. Do Kwon, SBF, CZ, and Mashinsky have all got got. I think his turn is coming, since NY regulators are after him at this point.

[@SPFAlpha]

Great Work

[@jimrustle270]

This is my first video of yours and reckon you’ve got the potential to go big like Dan Olson did. Great writing, good style and sharp editing. Only thing I reckon will tip you over the edge is either learning your script or having it beside the camera scrolling. Just some constructive feedback because I like your vibe.

[@benjaminrichter9519]

Geez perfect timing, go get it dude love from the eu

[@smcheeto]

fantastic journalism guys

[@markmccormack1796]

I really like the four books on the cube top in your interview area. Shows how smart and up to date you all are...

[@matthewholt6168]

Jokes are on point in this one😆 that drink in the interview...

[@MrPFMneto]

Well, you can spell "loss" with "Winklevoss"

[@MegaGeoffro]

I have to say, I really love your format of just filming anywhere and not giving a shit about whats in the background and foreground. I quite enjoyed watching that man drag the printer across the side walk. lol

[@cyberiagenesis]

Just watched that Uber guy series/documentary show whatever it is, here I am binging NYC standup dude. Solid work bro

[@dt4279]

Man the writing is sooo good on all of your vids. Do you write all the jokes yourself, or do you get help? Amazing production. Funnier than most sitcoms nowadays

[@samadrizvi6607]

Good work

[@LukeT-]

Good work.

[@Appa0]

good work

[@xmine08]

I was waiting so hard for a third and then a fourth camera to pop up 😄

[@joshuapatrick682]

Did it fail? It made them personally very very wealthy and that was their ultimate goal so I’m not sure you could call it a failure.

[@justintyler4814]

You are brutally good at these videos holy shit don't get shot and don't stop making these

[@baddkarmal5605]

Love this channel

[@oprust]

The New equipment is making the videos look great.

[@iWatchFromBehind]

The jokes in this piece are the best yet lol

[@Illogic10]

Thanks for making this video! I got a good laugh. I have to remember that I’m not the only one that got scammed.

[@william6747]

Great job exposing them.

[@dmanmotherf]

We really need a Social Network 2 soon

[@spacecadet2226]

3:14 I can’t stop looking at what seems like a black car carrying a smaller white car. Great video by the way.

[@GloryDaze73]

😂😂

[@sandwarrior5579]

Bro your comedic timing is so good) I wish you had much more views as you deserve them. Greetings from Russia

[@narr482]

Love ya too, Dan

[@lygiabird6988]

These vids are the only ones I can’t watch sped up, there is something humorous happening every other word and I don’t want to miss any of it 😂

[@RyanReenBattikh]

This editing and delivery - so fucking funny

[@Storymaker1995]

You're essentially impersonating Coffezilla in this vid, and I kinda like it.

[@TheFarmboys]

When I was a freshman in college I set up a Bitcoin wallet and was ready to press buy on 10 Bitcoin for something like 50 bucks. I realized that I wouldn't get an actual physical coin so I decided to buy beer and groceries instead. If I had been slightly stupider I would have been rich. What I'm trying to say is that we all have a dumb little Twinklevoss inside of us

[@argumentative2532]

If only you had 2 they might have convinced you

[@Yangmang]

I mean you though bitcoin was a physical coin, I don't think we're any smarter

[@DeeDee-zu2pv]

I'm right there with you, lol. I was gonna buy some bitcoin to buy weed but I got confused and bored and bought weed the regular way 😅

[@loganmiat]

You would have only made money at someone else's expense though. Crypto isn't able to produce wealth (and actually consumes it) so it's an example of a greater fool theory and functions similar to a ponzi scheme.

[@nohs8776]

think about it this way: what was stopping you from selling at $100?

[@samdogmillionaire9288]

I really want a good work and channel 5 cross over episode

[@munboy216]

The copy machine at 11:26 is an unpaid extra

[@pb_and_nutella]

I really want to see a behind the scenes on the writing for these videos

[@SilverDonPatch2]

“J and Crew”😂

[@PlatFormerlyKno]

I'm slightly more informed and I laughed several times. That's all I've ever wanted.

[@Suitman29]

This was top tier reporting

[@seann4678]

Love you too Dan

[@iwsutw]

You a good reporter

[@bharasiva96]

Super informative as usual.

[@chihchang1139]

there is 0% chance any of the victims will get their money back.

[@LittleHerdaz]

This is so good work ❤

[@livenandlove1980]

God, I love this channel!

[@MarkTheNuke]

A flash warning at the start would be nice!

[@rrc5982]

You've perfected a discount daily show feel....

[@nitsud001]

This is good content, man. I'll give you a chance. I subscribed.

[@nyashaclemate2436]

Dude, i could watch you content all day

[@joen7526]

Dude you’re hilarious “My Crypto Twin Kings Love Dra-Ma” had me laughing 😂👍

[@zackklapman3569]

“A thinkle” 😂😂😂

[@SanDeygo]

Very funny and informative video

[@benzbubblecat]

"the winkles had a thinkle" oh my god

[@owenschwartz]

Another banger from Dan!

[@blockchainbreakdown2009]

SUBBED!

[@MrStateAlchemist]

Love this channel so much. Would be pretty poggers if y’all did some videos revolved around situations in tech/business with more positive outcomes. I know the dramatic ones tend to get more views, but I’m sure a team that can produce content this entertaining could also make “good” news just as fun to watch!

[@Argozolin]

What are the uhhh 'more positive outcomes' tho?

[@roymarshall_]

@@Argozolin I think you might be a bit overly pessimistic

[@zeobide]

​@@ArgozolinThe crazy part is I legit can't name a positive outcome besides maybe Bitcoin itself I guess?

[@ChartreuseDan]

Eh. Investors do their research, pick investments that makes sense, meet projected growth isn't really much of a story